UK’s FTSE 100 touches near 7-month high

British equities jumped on Wednesday as investors cheered a surprise drop in domestic inflation, which spurred hopes that the Bank of England (BoE) could consider interest rate cuts early next year.

The blue-chip FTSE 100 (.FTSE) advanced 0.9% as of 0902 GMT, touching its highest level since May. 24 earlier in the session, outpacing the pan-European STOXX 600 (.STOXX), which was trading flat.

The pound dropped 0.5% after official data showed British inflation fell by more than any economist polled by Reuters predicted in November, pushing the headline rate to its lowest since September 2021.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity Special Values

More articles like this

Fidelity Special Values

UK stocks rally as market confidence rebounds

The FTSE 100 saw an upward movement on Monday, continuing its recovery from the previous week’s volatility. Building on Friday’s gains, the index opened higher, reflecting renewed market confidence. Across Europe, Germany’s DAX and France’s CAC

Fidelity Special Values

UK stock markets rally as investors await economic data

Britain’s main stock markets saw gains on Monday, mirroring a widespread rally across European markets as investors looked ahead to key economic indicators due this week, hoping to find clues about future moves in U.S. and

Fidelity Special Values

FTSE 100 rises amid budget concerns and market gains

The UK’s FTSE 100 managed a slight increase on Friday, bouncing back from a recent near-three-month low as a positive shift in some sectors helped counteract inflation concerns sparked by Britain’s latest budget announcement. By 9:54